Starting a limited company comes with great opportunities to be tax efficient—but also a few rules that need to be followed carefully. This guide highlights some more popular areas where you can legitimately extract value from your company.   ⚠️ First Things First (Golden Rules) Before we get into specifics: ✅  All contracts must be in the company name  (not your personal name) ✅  All costs should be paid directly from the company bank account ❌ Avoid paying personally and re

Running a small business is exciting but managing the finances can sometimes feel overwhelming. I’ve been there, and I know how crucial it is to keep your books in order without getting lost in complicated jargon or endless paperwork. That’s why I want to share some practical, easy-to-follow small business bookkeeping tips that will help you stay on top of your finances, reduce stress, and focus on growing your business. Why Small Business Bookkeeping Tips Matter Bookkeeping

The new tax year has started, and with it come several changes that business owners, company directors and landlords should have on their radar. Here are a few key points for 2026/27 👇 💷 National Minimum Wage increase The National Living Wage for workers aged 21+ has increased to £12.71 per hour . If you employ staff, now is a good time to check: • Payroll software has been updated • Salaries still comply with minimum wage rules • Employment budgets reflect the higher cost

Starting out as a sole trader is a straightforward way to run a small business. It’s simple, flexible, and easy to manage. But as your business grows, you might find that staying a sole trader no longer fits your needs. Switching to a limited company can bring many benefits, from tax savings to added credibility. In this post, I’ll walk you through the key advantages of making the switch, when it might be the right time, and practical steps to get there. Why Consider the Swit

If your team spends time in front of screens, this is a simple win for both their wellbeing and your company’s tax position. Here’s the good news: ✅ Eye tests paid for by your limited company are tax-free No Benefit in Kind. No PAYE. No NIC. Just a fully allowable business expense. This applies where employees use display screen equipment (VDU) - spoiler: that’s most of us. 👓 The eye test is easy… it’s the glasses that cause the tax headache. If they’re specifically for VDU

Running a small business is exciting but can also be overwhelming. Managing finances, taxes, and compliance often feels like a full-time job on its own. That’s where professional accountancy solutions come in. They help you focus on what you do best - growing your business - while ensuring your financial matters are in expert hands. In this post, I’ll walk you through the key benefits of working with a chartered accountant and how their support can make a real difference to y

Short answer? For many people — yes. But let’s talk about why  (purely from a tax perspective). First — I’m not a financial adviser, so I can’t tell you whether a pension is right for you personally. But I can explain how the tax relief works. Here’s the bit people often underestimate 👇 If you pay £4,000 into a private pension before 5th April: • The government adds £1,000 • Your pension pot gets £5,000 That’s 20% tax relief automatically added by the provider. If you’re a h

A director’s loan account becomes overdrawn  when you take money out of your company that isn’t salary, dividends, or reimbursed expenses . It’s very common in owner-managed businesses — but if it’s left unresolved, it can come with unexpected tax bills  for both the company and  you personally. What does it mean for the company? 1. Section 455 tax – a temporary corporation tax charge If the loan hasn’t been repaid within 9 months and 1 day  of the company’s year end, the com

Travel costs employees can claim for

Note this is for sole traders only - employee travel expenses will be covered in a separate blog. These were correct at the time of writing (Feb 26) - please seek advice for specific situations and deductions, this is a guide only. Can I claim travel expenses as a sole trader? Yes — but only for genuine business travel. The journey must be made because of your work, not personal reasons. What does HMRC mean by “business travel”? Business travel is travel you do to carry out y

Navigating the world of tax compliance can feel overwhelming, especially when you’re running a small private limited company. With limited staff and a turnover under £500k, every minute and every penny counts. That’s why I want to share how effective accounting can simplify your tax compliance, reduce stress, and help you focus on growing your business. Why Simplifying Tax Compliance Matters Tax compliance isn’t just about ticking boxes or avoiding penalties. It’s about under

Running a small private limited company can be both exciting and challenging. With 1-3 directors, a handful of staff, and turnover up to £500k, every decision counts. One of the most important decisions you’ll make is how to handle your finances. Getting expert help with your business financial services can make a huge difference. It can help you grow profits, reduce stress, and keep your business on the right track. Why Business Financial Services Matter for Small Companies

The 2025 Budget delivered a mix of support for lower-paid workers alongside substantial increases in taxes on wealth, savings and investment income. Below is a breakdown of the major changes and how they may affect employees, employers, homeowners, savers and investors. Employee Wage Changes Minimum / Living Wage Rises (from April 2026) Workers across all age groups will see an uplift in statutory wage rates: 21 and over:  National Living Wage rises from £12.21 → £12.71 per h

Following public (and professionals) concern, the Companies House ID system  has been overhauled to enhance transparency, accountability, and fraud prevention . This update is part of a wider effort to restore trust in UK business regulation and close the loopholes that have allowed illicit activities to hide behind seemingly legitimate companies. What is Companies House? Companies House  is the UK government’s official register of companies. It plays a vital role in maintain

Running a small business is exciting, but managing the finances can sometimes feel overwhelming. I’ve been there, and I know how...

Running a small business is exciting, but managing the finances can feel overwhelming. I’ve been there, and I know how important it is to get your accounting right from the start. When you master the basics of business finance essentials, you set yourself up for growth, reduce stress, and make smarter decisions. Let’s walk through the key steps to help you take control of your finances confidently. Understanding Business Finance Essentials Before diving into numbers, it’s cru

Almost daily in the news it's being highlighted that the government has been putting more energy into closing the “tax gap” — the...

Running a small private limited company can be rewarding, but it also comes with its fair share of challenges. Managing your finances,...

Handling finances alongside running a business full time often feels daunting—especially when you’re managing a small private limited...

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